Invest in one of the fastest growing businesses in the Western Cape: E-bikes

Invest in one of the fastest growing businesses in the Western Cape: E-bikes

Introduction:

• Cycling in the Western Cape is growing exponentially quicker than any other business due to more and more people (young and old) becoming health conscious.
• The Western Cape Government is encouraging and supporting cycling and building cycle tracks next to roads.
• This specific business started in 2014 and has just grown on a year on year basis.
• The owner is a keen cyclist/athlete and started the e-bike business as he believed this is where the future of cycling lies.
• Some of the benefits of e-bikes include: – you have full control over your efforts, you can ride further, you can set your own pace, etc.
• The owner is looking to sell the business as a package, or to get a partner that can invest in buying fully set up e-bikes from his source overseas instead of buying the parts and setting it up here in SA.

Financials:

• Turnovers differ between R5,1 to R6,2 million per annum.
• COS differ between R2,9 to R3,6 million per annum.
• GP differ between R2,1 million to R2,5 million per annum (41-43%).
• NP (EBITDA)  R823 000.00
• Stock is around R2.4 million.

Selling Price:

• R 2,3 million plus stock.